Your Equity, Your Opportunity

Experience the freedom to meet your financial needs with South Indian Bank’s Top-Up Loans for Home Loan customers. Designed to unlock the equity in your existing property, our Top-Up Loans are a smart and affordable way to access extra funds for personal or business purposes.
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Why Choose South Indian Bank?

South Indian Bank's Top-Up Loan provides a range of unmatched benefits, allowing you to leverage your property's equity at cost-effective rates. With a simplified application process and minimal documentation, accessing additional funds has never been easier. Backed by a legacy of reliability and a reputation for excellent customer service, South Indian Bank is your trusted partner in meeting your financial needs effortlessly.

Loan Details

Parameter	Details
Purpose	Any personal or business use, excluding speculation.
Tenure	1 year to the lesser of 7 years or the balance tenure of the existing Home Loan.
Repayment	Equated Monthly Installments (EMI).
Security	The property used for the existing Home Loan will act as collateral.
Guarantor/Co-borrower	All co-borrowers/guarantors of the existing Home Loan must join the Top-Up Loan.

Maximise the potential of your property with SIB Top-Up Loan!

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Criteria	Details
Age	Minimum 21 years, maximum 65 years (at loan maturity)
Minimum Income	Residents: Rs.25,000 per month. NRIs:30,000 per month.
Credit History	Regular repayment history of at least 12 months on the existing Home Loan.
Property Eligibility	Completed residential property with registered ownership and no overdue payments
Loan Amount	Minimum 1 lakh; Maximum based on existing FOIR, LTV, and income eligibility norms.

Home Loan Eligibility Calculation

For instance, if a customer has a Home Loan of Rs. 40 lakhs with a property value of Rs. 100 lakhs, the residual equity available is calculated as the difference between the market value and the apportioned value based on loan-to-value (LTV) norms. The Top-Up funding is then determined by applying a 75% LTV on the residual equity. This results in a Top-Up Loan eligibility of Rs. 37.5 lakhs, subject to overall exposure limits.

Example Calculation:

Parameters	Calculation	Value
Value apportioned for Home Loan	Loan Amount / LTV Norms (Rs 40 lakhs / 80%)	Rs 50 lakhs
Residual Equity	Market Value - Value apportioned (Rs 100 lakhs - Rs 50 lakhs)	Rs 50 lakhs
Funding under Top-Up	Residual value * LTV @ 75% (Rs 50 lakhs * 75%)	Rs 37.5 lakhs

Note: Funding eligibility may vary based on overall exposure limits.

Maximise the potential of your property with SIB Top-Up Loan!

Apply now or Visit Your Nearest Branch

Category	Details
Interest Rates	Check Interest Rates
Additional Charges	Click here for Service Charges

Maximise the potential of your property with SIB Top-Up Loan!
Apply Now or Visit Your Nearest Branch

Step 1: Check Your Eligibility

Existing Home Loan customers with regular repayment history.
Meet income, property, and age criteria.

Step 2: Gather Required Documents

For existing customers:
- No additional documents required.
For new customers:
- Identity proof: PAN, Aadhaar, Passport, or Voter ID.
- Address proof: Utility bills, Aadhaar, or Passport.
- Income proof: Salary slips, IT returns, or Form 16.
- Property documents: Sale agreement and registration documents.

Step 3: Apply Online or Offline

Online Application: Fill out the form on our website, and our assistant will call you
Offline Application: Visit your nearest South Indian Bank branch for a personalised consultation.

Step 4: Verification and Approval